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Rich Asplund

Nat-Gas Prices Jump on Forecasts for Hot U.S. Temps Later This Month

United States Maxar Technologies Nymex Electricity Natural Gas Australia BNEF

October Nymex natural gas (NGV23) on Tuesday closed +0.135 (+5.18%).

Nat-gas prices on Tuesday rallied to a 1-week high and settled sharply higher. Forecasts for hot U.S. temperatures that will boost nat-gas demand from electricity providers to run air conditioning pushed prices higher Tuesday. According to Maxar Technologies, above-normal temperatures are expected to spread across most of the lower 48 U.S. states from September 22-26.

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